Omaha Public Radio News
Thu October 2, 2008
Business expert says Omaha economy is strong
By Katie Knapp
Omaha, NE – An Omaha business expert says the metro area economy remains strong despite trouble in the national financial markets.
Scott Strain is Senior Director of Research for the Greater Omaha Chamber of Commerce. He says there's a lot of uncertainty right now on Wall Street as the financial industry watches the vote on a new bailout plan. But Strain says the Omaha economy is strong and continuing to grow despite the turmoil. He credits responsible lending by area banks and a solid housing market for that growth.
Strain says continuing market turbulence could impact banks' access to credit. He says that could negatively impact the Omaha economy.
The U.S. House is scheduled to vote on the new bailout plan Friday. It was passed by the Senate Wednesday night.